Prevezon's Assets Will Stay Frozen In $230M Tax Fraud Case
Law360, New York (October 23, 2015, 5:13 PM EDT) -- Two companies accused of engaging in an elaborate $230 million Russian tax fraud scheme suffered two defeats Thursday when a New York federal judge refused to free up their frozen assets and allowed the U.S. government to lodge new money laundering claims.
U.S. District Judge Thomas P. Griesa denied a request from Prevezon Soho and Prevezon Alexander to vacate or amend a protective order that restrains $14 million of the allegedly tainted funds, while granting the federal government its request to amend its complaint with new allegations of transporting stolen property, money laundering and other claims related to allegations of fraud...
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